After gauging the market reaction to the M15 moving average I realised that it wasn’t the ultimate target, as the real one was the 11325.1 level, a great place to buy if you look at the Hourly Charts as it was a role reversal area for the last few days.
I closed both trades early enough to minimise loses, but I want to focus on the opportunities that I identified beforehand and didn’t executed. I’ve been too fussy wanting price to “touch” certain levels before trading, and that is not what always happens!
Both yesterday an today I missed good areas of resistance/support looking for the perfect trade, with perfect entry levels, which doesn’t make sense. I need to work on that!
Good read, markup of the MAB, and then management of the trade when you saw it wasn’t going your way.
Were you tempted into that 1hour MAB?